Add to ORKGDespite considerable differences, there were also many similarities in economic performance between Latvia and Greece before their respective adjustment crises. After the immediate crisis, however, economic activity rebounded sharply in Latvia but continued to contract in Greece. This paper argues that this difference was due primarily to developments in credit. In Latvia credit growth fell sharply, and the economy was deleveraging aggressively by 2009. When the pace of deleveraging started to stabilise, the rebound in the credit impulse caused domestic demand growth to recover. Real GDP has increased about 20% since reaching its trough in the third quarter of 2009
This paper studies the Greek economy in the aftermath of the 2007-8 global crisis looking for barrie...
With the introduction of the euro and the mispricing of sovereign (Greek) risk, a flux of funding in...
The aim of this contribution is a comparative analysis of the challenges Poland and Greece (and more...
Despite considerable differences, there were also many similarities in economic performance between ...
Greek policy-makers like to make the point that their economy cannot recover because of a lack of cr...
Four years ago – almost to the day – when the question of Greece’s debt sustainability was being int...
The Greek economy has been characterized by successive phases of growth and recession with marked ch...
In a paper on the effects of the global financial crisis in Central and Eastern Europe (CEE), the a...
With Greece’s economy tanking again, the country’s government is convinced that it is the victim of ...
The first de facto default of a country classified as ‘developed’ has now taken place, with private ...
Lax financial conditions can foster credit booms. The global credit boom of the last decade led to l...
Greece went bankrupt in 2009 presumably because it run an exorbitant public deficit and had accumula...
The first act of the eurozone debt drama was about whether any European Union member country could e...
The Latvian economy has been the most crisis affected economy so far in the whole territory of the E...
Lax fiscal oversight, loose credit following euro- accession, and credibility conferred by Eurozone ...
This paper studies the Greek economy in the aftermath of the 2007-8 global crisis looking for barrie...
With the introduction of the euro and the mispricing of sovereign (Greek) risk, a flux of funding in...
The aim of this contribution is a comparative analysis of the challenges Poland and Greece (and more...
Despite considerable differences, there were also many similarities in economic performance between ...
Greek policy-makers like to make the point that their economy cannot recover because of a lack of cr...
Four years ago – almost to the day – when the question of Greece’s debt sustainability was being int...
The Greek economy has been characterized by successive phases of growth and recession with marked ch...
In a paper on the effects of the global financial crisis in Central and Eastern Europe (CEE), the a...
With Greece’s economy tanking again, the country’s government is convinced that it is the victim of ...
The first de facto default of a country classified as ‘developed’ has now taken place, with private ...
Lax financial conditions can foster credit booms. The global credit boom of the last decade led to l...
Greece went bankrupt in 2009 presumably because it run an exorbitant public deficit and had accumula...
The first act of the eurozone debt drama was about whether any European Union member country could e...
The Latvian economy has been the most crisis affected economy so far in the whole territory of the E...
Lax fiscal oversight, loose credit following euro- accession, and credibility conferred by Eurozone ...
This paper studies the Greek economy in the aftermath of the 2007-8 global crisis looking for barrie...
With the introduction of the euro and the mispricing of sovereign (Greek) risk, a flux of funding in...
The aim of this contribution is a comparative analysis of the challenges Poland and Greece (and more...